Mana nears completion of Flagler assemblage

Sale brings Mana's total to 31 properties and 780K sf in downtown Miami

TRD MIAMI /
Oct.October 05, 2015 11:15 AM

Moishe Mana, who has been assembling properties in downtown Miami for the past year and a half, purchased three more parcels on Flagler Street for a combined $8.19 million, The Real Deal has learned.

Mana’s Jersey Art Holdings acquired 129 East Flagler Street, an 8,000-square-foot building, for $3.6 million, Mika Mattingly of Sterling Equity Realty’s MikaMiami team, told TRD. He also picked up a 6,000-square-foot lot at 116 West Flagler for $3.6 million and a vacant 5,900-square-foot lot at 208 West Flagler for $991,500.

WLH Hunter LLC sold the property at 129 East Flagler, Miami-Dade property records show. It was built in 1925 and last sold for an undisclosed amount. Previous tenants include Kentucky Fried Chicken.

116 W Flagler St LLC and Miami Flagler Parking Lots were also sellers. The property at 116 West Flagler last traded for $1.125 in 2012. The parking lot, at 208 West Flagler, last sold for $650,000 in 2013, records show. Aventura-based Miami Flagler Parking Lots was the seller.

In July 2014, Miami-Dade County commissioners unanimously approved funding nearly half of a $13 million improvement plan for Flagler Street. At the time, the plan called for expanding and straightening sidewalks, along with adding trees, benches and bicycle racks. The sidewalks will also be designed to resemble railroad tracks, a reference to Henry Flagler. It will break ground this month, Mattingly said.

The sale brings Mana’s total to 31 properties and 780,000 square feet in downtown Miami. “Mana intends to infuse Miami’s urban core with arts, culture, and an elegance unknown since the ’20s real estate boom,” she said.


Related Articles

arrow_forward_ios
Renderings of the project with Yair Levy

Diamond in the rough? Downtown Miami Metro Mall to get $35M makeover

Moishe Mana and 201 Southwest First Street (Credit: Google Maps)

Mana buys more land in downtown Miami for master plan

One Thousand Museum and Ravichandra Saligram 

Consumer conglomerate CEO buys condo at One Thousand Museum

Zaha Hadid and One Thousand Museum (Credit: Getty Images)

PHOTOS: Inside Zaha Hadid’s Miami tower

Olympia Theater (Credit: Getty Images)

Maurice Gusman heirs sue city of Miami to regain ownership of Olympia Theater

Rendering of downtown Miami courthouse to be built by Plenary Group and Miami-Dade County

All rise: Miami-Dade commissioners approve $267M downtown Miami courthouse project

Moishe Mana and 25 West Flagler Street

Moishe Mana buys City National Bank building in downtown Miami

One Thousand Museum and Krinos owner Eric Moscahlaidis

Krinos Foods owner revealed as buyer of One Thousand Museum condos

arrow_forward_ios
Loading...